Green Car Reports

MARCH 8, 2024

The 2024 Honda Prologue and 2024 Acura ZDX will both qualify for the full $7,500 federal EV tax credit, Honda and its Acura luxury brand have confirmed.

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Tax Credit Acura Honda Tax 181

Green Car Reports

JULY 12, 2022

Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study.

Tax Credit 195

Tax Credit Tax Sale Washington 195

Electrek

APRIL 21, 2021

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books. more… The post Proposed 30% US tax credit for e-bike purchases gains support in Congress appeared first on Electrek.

Tax Credit 145

Tax Credit Congress Tax Purchase 145

Electrek

OCTOBER 6, 2023

The IRS has just released new guidelines to enable dealers to take the $7,500 electric vehicle tax credit from the buyers and apply it directly to the purchase of new and used electric vehicles. more… The post You will soon get up to $7,500 EV tax credit at purchase rather than a return appeared first on Electrek.

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Tax Credit Purchase Tax Dealers 141

Green Car Reports

DECEMBER 1, 2022

Some Tesla purchases will qualify for at least $3,750 off under the revamped EV tax credit starting January 1. But the automaker on Thursday started this rolling a little early—as a discount of $3,750 on its most popular Model 3 or Model Y electric cars.

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Tax Credit Tax Tesla Purchase 170

Green Car Congress

DECEMBER 10, 2014

These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. sales and use tax. However, the incentive does not apply to the purchase of PHEVs. Washington has exempted EVs from the state''s 6.5%

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Plug-in Tax Credit California Rhode Island 381

Green Car Congress

MARCH 10, 2022

This legislation would make the sale of E15 year-round permanent; create a tax credit for higher biofuel blends; streamline E15 labeling; provide funding for E15 infrastructure; extend the biodiesel tax credit for three more years; and ban imports of Russian petroleum products.

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Tax Credit Iowa Production Sale 333

Baua Electric

JANUARY 17, 2024

Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker’s website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles.

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Tax Credit Purchase Tax Tesla 98

Teslarati

JANUARY 12, 2024

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. In October , the IRS and Department of the Treasury announced that it would issue new guidance regarding the EV tax credit, with the changes taking effect in 2024. Buying an EV?

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Tax Credit Tax Tesla Purchase 112

Electrek

FEBRUARY 21, 2024

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly.

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Tax Credit Cadillac Tax Purchase 132

Electrek

MAY 29, 2023

Colorado is trailblazing with a new law that ramps up impressive EV state tax credits for both purchases and leases. more… The post Colorado’s new EV state tax credits are fantastic appeared first on Electrek.

Tax Credit 130

Tax Credit Tax Colorado Purchase 130

CleanTechnica EVs

DECEMBER 27, 2022

Fitzpatrick (R) of Pennsylvania, that would provide a $2500 tax credit for off-road EV purchases. The bill reads that, “there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal […].

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Tax Credit Tax Minnesota Pennsylvania 136

Electrek

DECEMBER 19, 2022

The United States Treasury department announced it will delay its guidance in regard to the sourcing requirements for battery materials in order for EVs to qualify for federal tax credits. The post US Treasury delays EV battery guidance, more vehicles could qualify for 2023 tax credits appeared first on Electrek.

Tax Credit 145

Tax Credit Tax Batteries Battery 145

Electrek

DECEMBER 26, 2023

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek.

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Tax Credit Dealers Tax Auto 135

Electrek

OCTOBER 28, 2021

After being cut in half, a proposed US tax credit for new electric bicycle purchases has been bumped back up to a full 30%. more… The post Proposed US tax credit for electric bikes back up to 30%, capped at $1,500 incentive appeared first on Electrek.

Tax Credit 142

Tax Credit Tax Purchase Electric 142

Electrek

OCTOBER 24, 2023

Colorado passed a new law that ramped up generous EV state tax credits for both purchases and leases from July 1, and here’s what resulted. more… The post What happened next after Colorado launched its fantastic EV state tax credits appeared first on Electrek.

Tax Credit 135

Tax Credit Colorado Tax Purchase 135

Green Car Congress

OCTOBER 11, 2013

Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability. Net pricing after tax credits could be as low as $68,495, including $995 destination. Official EPA estimates are not yet available.

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Cadillac Tax Credit Price Sale 353

Blink Charging

JANUARY 11, 2024

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.

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Tax Credit Tax Clean Cleaning 119

Green Car Congress

DECEMBER 23, 2022

Upon final HVIP approval, purchasers of the Nikola Tre FCEV in 2023 will be able to qualify for a base incentive valued at $240,000 per truck; $270,000 per truck for drayage fleets; or up to $288,000 per truck for fleets with (i) 10 trucks or less, (ii) performing drayage operations, and (iii) located within a disadvantaged community area.

Scrappage 435

Scrappage Tax Credit Purchase California 435

CleanTechnica EVs

MARCH 16, 2024

federal EV tax credit provided that the customer meets all purchase and income qualifications for the EV tax credit as outlined in Internal Revenue Code Section 30DOpens. continued] The post 2024 Nissan LEAF Regains Eligibility for up to $3,750 EV Tax Credit appeared first on CleanTechnica.

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Tax Credit Tax Nissan Nashville 118

Green Car Congress

JANUARY 15, 2013

Depending on location, some consumers may purchase the 2013 LEAF for as low as $18,800 with qualifying federal and state tax credits, putting the LEAF on par with gas-powered vehicles of its size. Eligible consumers can take advantage of a $7,500 federal tax credit, and some states and municipalities offer additional incentives.

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2013 Nissan Tax Credit Tax 360

InsideEVs

DECEMBER 6, 2023

The $7,500 tax credit for plug-in car purchases is changing again in 2024. Some vehicles are on the chopping block.

Tax Credit 131

Tax Credit Tax Ford Purchase 131

Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. With some of Tesla’s vehicles losing access to the credit in 2024, one Model 3 configuration is currently looking more appealing than ever.

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Tax Credit Tax Highlander North America 116

Green Car Reports

OCTOBER 17, 2023

The 2024 Nissan Leaf is now eligible for a $3,750 federal EV tax credit, Nissan confirmed Monday in a press release. The credit—half the maximum amount of $7,500—can be applied to any new 2024 Leaf models purchased and placed in service by Dec.

Tax Credit 131

Tax Credit Tax Nissan Purchase 131

Teslarati

JULY 29, 2022

The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. With a $40,000 incentive, the Tesla Semi could be purchased at a price that is more affordable than a Tesla Model S and Model X Plaid without incentives.

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Tax Credit Affordable Tax Tesla 144

Electrek

SEPTEMBER 15, 2021

A 30% tax credit for electric bicycle purchases in the US has been slowly working its way through the gauntlet of Congress. more… The post Electric bicycle tax credit makes progress in Congress but gets slashed from 30% to 15% appeared first on Electrek.

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Tax Credit Congress Tax Purchase 132

Electric Driver

MARCH 3, 2023

federal government is offering a clean vehicle tax credit to help promote the purchase of electric vehicles as an effort to reduce carbon emissions. The clean vehicle tax credit of up $7,500 depends on several factors. Here are some details on what is needed to qualify for the tax credit.

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Tax Credit Tax Clean Cleaning 111

Green Car Congress

DECEMBER 30, 2018

Hochrad purchased his first hybrid car more than 15 years ago, and over the years has driven dedicated electric vehicles as well. NEXO can be leased for $399 (Blue model) or $449 (Limited model) for 36 months and can be purchased for $58,300. His new NEXO will deliver about five times the driving range of his first all-electric car.

Hyundai 390

Hyundai SUV 2019 Fuel 390

Green Car Congress

AUGUST 30, 2015

A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Electric Vehicle Credit. Average credit per tax return, by income level. billion (19.3%).

Tax Credit 150

Tax Credit 2006 Tax Plug-in 150

Electrek

OCTOBER 15, 2021

The original sponsor of a bill introducing a 30% tax credit for electric bicycle purchases recently commented on the current state of the proposed legislation, calling it frustrating but expressing hope at the progress it indicated.

Tax Credit 124

Tax Credit Tax Purchase Electric 124

EV Connect

JULY 1, 2024

If you have considered adding electric vehicle (EV) charging stations to your property, the cost to install EV charging stations may have prevented you from making the purchase. Recently, this tax credit has been expanded and updated that increases its value and defines what projects are eligible.

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Tax Credit Tax Charging Alternative Fuels 107

Green Car Congress

MARCH 30, 2023

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Consumers responded immediately with a 3.4

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Price Powered Power Tax Credit 404

CleanTechnica EVs

APRIL 14, 2023

Consumers have a new resource for finding plug-in electric and fuel cell vehicle tax credits. Current owners and those considering an electric vehicle purchase can access a free tool developed by ORNL researchers for fueleconomy.gov.

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Tax Credit Tax Electric Cars Electric 98

EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

Tax Credit 111

Tax Credit Tax Manufacturer Parts 111

Electric Cars Report

JANUARY 26, 2024

4 models (when released with SK On components) that are placed in service in 2024 will be eligible for the full $7,500 Federal Tax Credit on a purchase by a qualifying purchaser, making the ID.4 4s are eligible for full $7,500 Federal Tax Credit appeared first on Electric Cars Report.

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Tax Credit Tax Purchase America 105

CleanTechnica EVs

AUGUST 3, 2022

This bill would establish a federal tax credit for businesses to purchase electric and plug-in hybrid […].

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Purchase Congress Tax Credit Commercial 144

Electrek

JANUARY 17, 2023

January 1, 2023 marked the dawn of another year for the world, but in the realm of EVs, more specifically purchases made by US consumers, the date kicked off a fresh start of new tax credits for vehicles both new and used. Here’s what we know so far.

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Tax Credit Tax Purchase Vehicles 111